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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Royal Bank of Canada (RY $235.83)
- $235.83 P/E (TTM): 15.43X Cap: $329.34B
- View RY Profile
- View Questions on RY
Toronto-Dominion Bank (The) (TD $137.94)
- $137.94 P/E (TTM): 10.8X Cap: $230.19B
- View TD Profile
- View Questions on TD
Bank of Nova Scotia (The) (BNS $99.74)
- $99.74 P/E (TTM): 18.9X Cap: $122.92B
- View BNS Profile
- View Questions on BNS
- View Reports on BNS
Hamilton Canadian Bank Mean Reversion Index ETF (HCA $35.38)
- $35.38 P/E (TTM): 14.78X Cap: $83M
- View HCA Profile
- View Questions on HCA

Q: Since the Canadian banks eventually trade in line with each other,would it make sense to sell Royal and buy BNS,TD,etc.?

Read Answer Asked by Allen on October 10, 2024

Hamilton Canadian Bank Mean Reversion Index ETF (HCA $35.38)
- $35.38 P/E (TTM): 14.78X Cap: $83M
- View HCA Profile
- View Questions on HCA

Q: I am interested in your thoughts on the Canadian bank mean reversion ETF's. Do you prefer them to the regular bank ETF's? Any recommendations for the ones you like best.

Thanks,
Chuck

Read Answer Asked by Chuck on February 02, 2023

BMO Equal Weight Banks Index ETF (ZEB $62.51)
- $62.51 P/E (TTM): 15.44X Cap: $5.15B
- View ZEB Profile
- View Questions on ZEB
Hamilton Canadian Bank Mean Reversion Index ETF (HCA $35.38)
- $35.38 P/E (TTM): 14.78X Cap: $83M
- View HCA Profile
- View Questions on HCA
Hamilton Enhanced Canadian Bank ETF (HCAL $39.43)
- $39.43 P/E (TTM): 15.2X Cap: $845M
- View HCAL Profile
- View Questions on HCAL

Q: Do you think these ETF's are worthwhile investments in the Cdn. Bank area?
They both have high yields - are they sustainable
What is difference between the two? Which one is the preferred investment?
If neither are preferred - can you suggest an alternative?
Thanks

Read Answer Asked by Reg on December 05, 2022

iShares S&P/TSX Capped Financials Index ETF (XFN $79.91)
- $79.91 P/E (TTM): 14.28X Cap: $1.96B
- View XFN Profile
- View Questions on XFN
BMO Canadian Dividend ETF (ZDV $30.44)
- $30.44 P/E (TTM): 0.72X Cap: $1.63B
- View ZDV Profile
- View Questions on ZDV
BMO Covered Call Canadian Banks ETF (ZWB $26.40)
- $26.40 P/E (TTM): 15.51X
- View ZWB Profile
- View Questions on ZWB
BMO Equal Weight Banks Index ETF (ZEB $62.51)
- $62.51 P/E (TTM): 15.44X Cap: $5.15B
- View ZEB Profile
- View Questions on ZEB
iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP $69.06)
- $69.06 P/E (TTM): 25.68X Cap: $14.16B
- View XSP Profile
- View Questions on XSP
iShares Core S&P/TSX Capped Composite Index ETF (XIC $53.43)
- $53.43 P/E (TTM): 18.19X Cap: $27.66B
- View XIC Profile
- View Questions on XIC
iShares S&P/TSX Composite High Dividend Index ETF (XEI $36.64)
- $36.64 P/E (TTM): 13.77X Cap: $3.60B
- View XEI Profile
- View Questions on XEI
iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ $61.45)
- $61.45 P/E (TTM): 32.77X Cap: $4.51B
- View XQQ Profile
- View Questions on XQQ
iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ $43.56)
- $43.56 P/E (TTM): 16.81X Cap: $1.14B
- View CDZ Profile
- View Questions on CDZ
Hamilton Canadian Bank Mean Reversion Index ETF (HCA $35.38)
- $35.38 P/E (TTM): 14.78X Cap: $83M
- View HCA Profile
- View Questions on HCA

Q: Is this ETF a safe way to invest in the banking sector in a RRIF account for income and some growth and do you believe the strategy used by this ETF can outperform other ETF such as ZWB or ZEB. Can you suggest a couple of alternatives ETF that are more appropriate for a RRIF or do you feel it is better to just own the individual banks.

Read Answer Asked by Joseph on August 04, 2021

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